Real estate investors use mixed-use loans to finance buildings that are used for a combined purpose.
Mixed-use buildings are zoned for multiple uses, including residential, commercial, industrial, or institutional. Mixed-use loans can be short-term or long-term, with terms ranging between six months and 30 years.
Any building with at least two units of different zoning qualifies for a mixed-use loan. Mixed-use loans include short-term hard money loans and private money loans. The loans can be permanent construction, government-backed, or commercial loans.
A mixed-use building has at least one commercial and one residential unit. For example, a funeral home with a living space in the back for the funeral director to live in would be considered a mixed-use. Also, a multistory property with a retail shop below and residential units above would be considered mixed-use.
In addition, if you have a property that makes less than 40% of its income off the commercial spaces and has five or more total residential units, may qualify for a multifamily loan or apartment loan.
Ready To Get Started?
Lending Products
Multi Family Loans
Lending In All 50 States
Get in touch with us today!
guestservices@mcapitalllc.com
Why MCapital Holdings LLC?
MCapital Holdings was established by veteran industry experts with the strict goal of providing the best possible rates and terms available in the market. Our Christian faith plays a central role in our corporation.
Bible Verse Of The Month
“But blessed is the one who trusts in the LORD, whose confidence is in him.”
Jeremiah 17: 7 (NIV)